SPML Infra is looking to raise upto Rs 300 Cr from PE investors for its Rs 700 Cr Bhiwandi water project. The company has created a SPV - SPML Bhiwandi Water Supply Infra Limitedfor the project and will raise the balance Rs 400 Cr though debt. The project is expected to be operational by 2012-13.
The company has started negotiations with US based Water Asset Management and Veolia Water for the funds. SBI Capital Markets is advising SPML on the deal.
Transaction Reference: ET
Orbit Corporation has announced to acquire 100% stake in Anaya Infrastructure Pvt Ltd.
Infrastructure company IVRCL has sold its entire 75% stake in Chennai Water Desalination Ltd to Dubai based Utico FZC. The deal provides the plant having a networth of R24 Cr with an equity valuation of R150 Cr.